7 stories mentioning SASE:2030Updated 51m ago
Every FINWIRES story that references SASE:2030, newest first.
Saudi Arabian Refineries Co. (SASE:2030), or Sarco, said its 35%-owned affiliate Raya Al-Tajdeed Contracting Co. secured a contract to provide construction and finishing works in Riyadh, Saudi Arabia.The 24-month contract with a multinational education company is valued at 100 million Saudi riyals, according to a Wednesday release.
Saudi Arabia Refineries Co. (SASE:2030), d/b/a Sarco, said Tuesday its loss for the first half narrowed year over year, while revenue returned to positive territory.Net loss attributable to shareholders of the issuer for the six months ended June 30 was 5 million Saudi riyals, compared with an attributable loss of 23.7 million riyals a year ago. Loss per share moved to 0.33 riyal from 1.58 riyals.The Saudi Arabia-based petroleum refining company's revenue was 1.3 million riyals, compared with a negative revenue of 15.6 million riyals a year ago.
Saudi Arabian Refineries Co. (SASE:2030), d/b/a Sarco, said Wednesday its nonbinding memorandum of understanding with AGR Renewable Energy to purchase green ammonia has expired without a binding agreement.In February, the petroleum refining company's unit Clean Energy Co. signed the MoU to acquire the entire production from the proposed green ammonia plant in Jazan Industrial City in Saudi Arabia.Sarco said the expiry of the MoU does not generate any financial obligations for the company.
Saudi Arabian Refineries Co.'s (SASE:2030), d/b/a Sarco's, subsidiary Masafi Ventures acquired an 85% stake in Advanced Industrial Supplies Co. from Adwaa Al Khalil Contracting for 12 million Saudi riyals.The petroleum refining company said Thursday the deal aligns with its long-term strategy of diversifying revenue streams and investing directly in operating businesses.
Saudi Arabia Refineries (SASE:2030), d/b/a Sarco, unit Refineries Venture Co. agreed to purchase a 33% stake in Global Waste Solutions from Khadra Al-Hijaz Environmental Services Co.The memorandum of understanding signed for the deal is valid for three months, the petroleum refining company said Sunday.Sarco added that the deal will expand and develop its subsidiary's activities in caustic and acidic industrial waste, alkaline industrial waste, and oily sludge treatment.
Saudi Arabia Refineries (SASE:2030), d/b/a Sarco, entered into a one-year nonbinding memorandum of understanding with Ally Hydrogen Energy to develop a green ammonia production plant in Jazan Industrial City, Saudi Arabia.Under the memorandum of understanding, the Tadawul-listed petroleum refining company will also establish a research and development center and a local hub for the assembly and manufacturing of hydrogen and purification equipment.
Saudi Arabia Refineries (SASE:2030), d/b/a Sarco, said Monday its attributable net profit and revenue for the first quarter grew year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 5.7 million Saudi riyals, compared with 2.1 million riyals earlier. EPS moved to 0.38 riyal from 0.14 riyal.The Tadawul-listed petroleum refining company's revenue was 9.5 million riyals, compared with 6.7 million riyals a year ago.
